KasparovChess Online Selects InterWise to Power Virtual Chess University Leading Live eLearning Software Used to Discover the Next Bobby Fischer

July 31, 2000

SANTA CLARA, Calif. — July 31, 2000

InterWise®, Inc., the global leader of business-to-business live eLearning software, services and communications, today announced that KasparovChess Online, Inc. has deployed InterWise Millennium™ 3.0 software platform within the company’s KasparovChess University (KCU) subsite to provide the most advanced eLearning

environment for chess players worldwide.

“KasparovChess

Online chose InterWise’s advanced eLearning technology to help amateurs and

aspiring Grand Masters enrich their knowledge and skills through direct access

and contact with other players-including our own Grand Masters-live,” said Shy

Rahav with Special Projects at KasparovChess.com. “At the same time, InterWise

technology is facilitating the cultivation of the next generation of Grand Masters

through our annual online World School Chess Championship, which represents

the largest online sports competition involving thousands of schools around

the world.”

KasparovChess

Online, Inc., the leading destination site for chess players worldwide, is dedicated

to sharing the game’s international popularity through comprehensive access

to chess education, interaction and instruction. KasparovChess University (KCU)

will use InterWise Millennium to offer free chess lessons prepared by Kasparov’s

own stable of 20 Grand Masters.

InterWise Millennium

will also act as the delivery vehicle when KasparovChess Online sponsors an

international training program for a handful of prodigies, ages 10 to 16, to

follow in the footsteps of World Chess Champion, Bobby Fischer. The series will

help train the most promising young players with the greatest potential of becoming

a world champion. It begins with six cadets, including four who are already

world-renowned superstars, participating in online lectures, simultaneous games

and personal training.

“InterWise is

excited about removing geographic barriers and linking together the finest minds

of the chess world, from New York to Moscow,” said Zvi Frank, president of InterWise.

“KasparovChess Online connects enthusiasts of all skill levels to chess’ finest

think tank, providing training and expertise that is second to none.”

About KasparovChess

Founded Founded by World Chess Champion Garry Kasparov, KasparovChess Online,

Inc. is headquartered in New York City’s Silicon Alley with international offices

in Israel, London and Moscow. The company’s web site, located at www.kasparovchess.com,

is the leading destination site for chess enthusiasts. KasparovChess is dedicated

to furthering the international popularity of chess by providing the most comprehensive

access to the game through education, interaction and instruction. For more

information, contact the NY office at 212.269.2400.

About InterWise

Founded in 1994 in Tel Aviv, InterWise, the market leader in business-to-business

live eLearning, provides businesses with a superior platform for fee-based training

and collaboration over the Internet. The home of the B2B4Fee business model

enables the rapid development and delivery of tailor-made eLearning to customers,

partners, suppliers and employees in either live classroom or “instant” self-paced

formats. Having the capacity to scale worldwide over any connection equal to

or greater than 28.8Kbps, the award-winning InterWise Millennium is a proven,

cost-effective means of training any audience quickly and effectively. With

international headquarters in Santa Clara, California, InterWise maintains 13

offices in nine countries around the world including Israel, Japan and Switzerland.

For more information, visit InterWise on the Web at

(URL) http://www.interwise.com/.

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Trademarks

InterWise is a registered trademark of InterWise Ltd., and InterWise Millennium,

“Driving the knowledge economy” and the InterWise logo are trademarks of InterWise,

Inc. All other brands and products referenced herein are the trademarks or

registered trademarks of their respective holders.

Media

Contacts:

Leilani Sinclair

Edelman Public Relations

323-857-9100, ext. 231

leilani_sinclair@edelman.com

In

Europe

Francis Francis

InterWise, Ltd.

+41 21 623 7749

ffrancis@interwise.com

Jennifer Chisholm

InterWise, Inc.

408-748-7800, ext. 158

jchisholm@interwise.com